HI i need some advice on my situation. Ok so my home has been reposessed and ive moved out, since they are looking to evict on 1 september. ive been very lucky in having a friends flat available so that is OK. the overall plan is to declare bankruptcy, to clear all my debts. the questions i have are the following: 1) There WILL be a shortfall from any re-sale of the properly, quite significant in fact. If i declare bankruptcy, will they still be able to come after this negative equity shortfall? this i am unclear on. I should add that during the reposession, a money order was also made for the full mortgage amount. 2) there is a charging order on the property from another loan that HSBC slapped on me. I have looked into this, and it seems to be fraught with complexity as to weather it will be included in the bankruptcy or not. In fact, this even escalated to a warrant of control. hence why i moved before being evicted. the point is that since the property is reposessed, what is the situation with this? I am very confused. the whole point though is that going bankrupt is the last resort but i dont want to do this and have two highly significant debts left over that are going to make the rest of my life a misery. its already bad enough. thanks J

Hi there sorry to hear about your troubles, i myself have come foul of this problem. never sign up to a payday loan that uses your bank card. i have to say though i dodged a bullet with capital finance one. they charge an unreal amount for letters and the penalty charges are verging on the illegal in my view. i would contest any of these charges openly- i suggest you write to them and say that you are taking legal advice. it is also unfair that they repeatedly debited your account- thus incurring returned payment fees. i have to say the era of these vultures must come to an end soon. it cannot continue. J